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20120905
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CNN
Sep 5, 2012 6:00am PDT
road to traffic. >>> fbi denies a claim that the i.d.s of more than 1 million iphones and ipads posted online came from them. >>> the u.s. national debt tops $16 trillion this morning. that's more than $50,000 worth of debt per person. and over $140,000 of debt for every taxpayer in america. alison kosik is at the new york stock exchange. so what does this mean for the average american? how does it affect us? >> you know, carol, let's go ahead and start with what it doesn't mean. because what it esn't mean is that each of us is on the hook for thousands of dollars of debt, which is hitting $16 trillion. and it is really a reminder that we are getting closer to hitting the debt ceiling again. the debt limit is $16.394 trillion. what does that mean? it means that fasten your seat belt for yet another fight over spending and taxes after the election, of course. you're not going to see politicians touch this hot potato issue. so the big question is, why is the debt ceiling rising so fast? and it's an easy answer. we're spending more money than we're taking in. and there are only two ways t
Search Results 0 to 1 of about 2 (some duplicates have been removed)